An Option Neediness Measure: The Family Security File and Portfolio Frances Deviney, Ph.D., Senior Exploration Partner (.


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An Option Neediness Measure: The Family Security List and Portfolio Frances Deviney, Ph.D., Senior Examination Partner (deviney@cppp.org) Celia Hagert, Senior Arrangement Expert (hagert@cppp.org) 900 Lydia Road, Austin TX 78702 www.cppp.org 512.320.0222. What is Destitution?.
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An Alternative Poverty Measure: The Family Security Index and Portfolio Frances Deviney, Ph.D., Senior Research Associate (deviney@cppp.org) Celia Hagert, Senior Policy Analyst (hagert@cppp.org) 900 Lydia Street, Austin TX 78702 www.cppp.org 512.320.0222

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What is Poverty? The Idea of Poverty - a state of financial hardship Quantifying Poverty - specialized intending to characterize who is poor – “federal destitution level” to gauge what number of individuals are formally poor – “poverty thresholds”

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What is Poverty? The “federal neediness level” (FPL) - Individuals in families with pay beneath the government destitution level are viewed as poor Guidelines mirror the base measure of wage that American families need to subsist Federal neediness “guidelines” are utilized to focus qualification for some elected, state, and neighborhood programs Private associations additionally utilize these rules to focus on their administrations to low-wage families

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What is Poverty? SOURCE:  Federal Register, Vol. 71, No. 15, January 24, 2006

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What is Poverty?

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What is Poverty?

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What’s Wrong With the Poverty Measure? Routine Thinking About Poverty No Longer Works Established in the 1960s in light of supposition that cost of nourishment represented 33% of family unit spending Significant movements in family unit costs from that point forward No estimation of other family expenses Varying rates of swelling for particular uses Taxes and advantages excluded No procurement for geographic variety No representing change in way of life

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From Poverty to Family Economic Security Toward an Alternative Poverty Measure What’s adequate? - Poverty characterized as sheltered and better than average way of life, not a measure of hardship Poverty as a measure of expenses, not salary In 2001, CPPP distributed Making It: What it Really Takes to Live in Texas ,” highlighting the “Family Security Index” and the “Family Security Portfolio”

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What is the Family Security Index? As Americans, we by and large trust that financial open door is accessible to anybody willing to buckle down. In any case, when families with two folks maintaining three sources of income still can\'t address fundamental issues, something extra is needed. We must follow through on our normal conviction that diligent work brings prosperity—or at any rate sustenance. We must assemble the arrangement of wages, worker advantages, charitable and religious administrations that will make family financial security. Give us a chance to reject nobody from the place where there is new chances at life. - From Making It: What It Really Takes to Live in Texas

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What is the Family Security Index? A “market-basket” way to deal with decide the amount of wage working families require to meet their fundamental needs Provides a reasonable, yet preservationist, assessment of the wage expected to bolster working families in Texas Uses most current accessible information to appraise the particular expenses confronted by groups of different size and arrangement Documents variety in expenses crosswise over diverse districts of the state

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Criteria Geographically particular 27 “metropolitan measurable areas” (MSAs) in Texas Variety of family sorts Two-guardian, single-guardian, offspring of distinctive ages, and grown-up families without youngsters Most traditionalist, yet practical evaluations – the “austerity check”

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The “Austerity Check” Does exclude the expense of feature rentals, motion pictures, digital TV, eating out, other excitement, or long separation phone. Precludes consumptions for birthday and occasion presents. Does exclude any costs for Mastercard obligation, or for sparing to cover training, retirement, or family crises. Does exclude pad for crisis or unexpected costs (e.g., auto repair)

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Family Security Index Budget Items Housing Cost of rent and utilities with exemption of telephone Food Monthly cost of sustenance arranged at home Child Care Monthly cost of kid consideration particular to time of child(ren) Medical Costs of aggregate human services premium in addition to month to month out-of-pocket Transportation Gas, enrollment charges, charges, routine support, and advance installments Other Necessities Local telephone, apparel, individual care, housekeeping, and perusing supplies Payroll and Federal Income Tax EITC, Child Tax Credit, and Dependent Tax Credit

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Monthly Expenses FSI 2001 Housing $858 Food $418 Child Care $569 Medical $727 Transportation $391 Other Necessities $321 Monthly Expenses $3,284 (For a group of two grown-ups and two youngsters in the Austin-San Marcos MSA)

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Federal Taxes FSI 2001 Payroll Tax $251 Income Tax $298 Earned Income Tax Credit Child Tax Credit ($83) Child & Dependent Care Credit ($80) Taxes and Tax Credits $386 (For a group of two grown-ups and two kids in the Austin-San Marcos MSA)

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What It Really Takes to Live in Austin FSI 2001 Necessary Monthly Income $3,670 Necessary Annual Income $44,044 Household Hourly Wage $22 Poverty Threshold $17,463 Percent Poverty Threshold 252% (For a group of two grown-ups and two kids in the Austin-San Marcos MSA)

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What It Really Takes To Live in Texas FSI 2001 El Paso $35,131 Laredo $35,530 San Antonio $37,300 Brownsville $37,558 Lubbock $38,288 Houston $40,669 Dallas $43,461 Austin $44,044 (For a group of two grown-ups and two kids)

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The Family Security Portfolio Community-particular and extensive way to deal with assist families with addressing fundamental needs and assemble monetary security Comprehensive arrangement of administrations and projects to guarantee the prosperity of every single working familie in Texas, moored by both private and open duties Improved wages and advantages a key segment of the Family Security Portfolio Family-based coordination of administrations from state and neighborhood government, non-benefit administration suppliers, religious associations

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The “Austerity Check” Families regularly stay on Section 8 sitting tight records for quite a while before accepting lodging help The Thrifty Food Plan expect that families never buy fast food or eatery dinners 5.5 million Texans, one-quarter of the populace, were uninsured in 2003. Just 52 percent of Texans get wellbeing protection through their superintendents (9 percent beneath national normal). In everything except one express, the yearly cost of full time tyke consideration surpasses yearly open school educational cost

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How to Use the Family Security Index Education - To make open comprehension of the genuine limitations confronted by families with constrained salary, even at what’s regularly considered a “moderate level” of wage Planning - To set up a more practical benchmark for project arranging and assessment, particularly welfare and workforce Advocacy - To control the coordination of joint state and neighborhood endeavors to bolster low-and moderate-pay working families

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What Do You Think? Overh

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